Romania: Inflation comes in at highest level since June 2018 in August
Consumer prices increased 0.24% over the previous month in August, slowing down from the 0.97% rise logged in July. August’s result marked the weakest reading since November 2020. Looking at the details of the release, prices for food decreased at a weaker pace in August, although prices for non-food goods grew at a slower pace.
Inflation came in at 5.3% in August, which was up from July’s 5.0%. August’s reading was the highest inflation rate since June 2018. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 3.3% in August (July: 3.1%). Finally, core inflation ticked up to 4.5% in August, from July’s 4.3%.